BCG at COP26

Rapidly reducing global emissions and adapting to a warmer world requires a collaborative effort across businesses, governments, and society. In Glasgow, BCG, the exclusive COP26 consultancy partner, joined leaders from the public, social, and private sectors to seek solutions.

On the Ground at COP26

 

COP26: The Most Critical Climate Change Conference Since the Paris Agreement

For governments and businesses today, there is nothing more urgent than taking climate action. To avoid irreversible damage and meet the Paris Agreement goals, including reaching net zero by 2050, global emissions must be cut in half by 2030.

Countries and companies that firmly embrace these opportunities, among other sustainability and climate innovation initiatives, will play a vital role in saving the planet. Equally crucial, they’ll create business advantage, in such forms as increased market share, new cost efficiencies, boosted valuations, and the ability to attract and retain top talent.

The annual Conference of the Parties (COP) drives ambitious action on these priorities from governments as well as businesses and civil society organizations. COP26, hosted by the United Kingdom in Glasgow in November, is the first climate change conference since Paris 2015 where the world is coming together to assess progress towards limiting global warming to well below 2 degrees—in addition to strengthening climate action across the public and private sector.


Group Up for Climate

There’s one mission we can’t tackle alone, the climate. BCG works shoulder to shoulder with companies and organizations in a wide array of sectors to help them launch sustainable transformations aimed at creating a better future for our planet while also strengthening business performance. Join our mission to #GroupUpForClimate.

 

 

Our Latest Insights


Bringing Our Expertise to COP26

In addition to being the exclusive COP26 consultancy partner, we have been working directly alongside the UK’s High-Level Climate Action Champion, Nigel Topping, and supporting the UK Presidency to generate momentum on key campaigns, including the Race to Zero and Race to Resilience. BCG brings a potent set of strengths to the table:

Drawing on these strengths, BCG is uniquely positioned to support the COP26 goals, which include:

  • Securing global net-zero emissions by 2050, including receiving ambitious 2030 nationally determined contributions (NDCs) to emissions reductions from each country
  • Adapting to protect communities and natural habitats, through moves such as protecting and restoring ecosystems as well as investing in resilient infrastructure and agriculture to safeguard homes, livelihoods, and even lives
  • Mobilizing finance, by unleashing at least $100 billion in climate-related funding each year and $3-$5 trillion per year of investment needed in private finance—five to eight times higher than current levels
  • Working together to deliver, by finalizing the Paris Rulebook; managing successful negotiations; and catalyzing collaboration on COP26 goals, particularly on coal, renewables, zero-emission vehicles, and nature


Our Climate Commitments

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BCG’s Net-Zero Strategy

BCG has committed to reach net-zero climate impact by 2030 and then become climate positive—removing more carbon from the atmosphere than we emit each year.

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Sustainability Is Our North Star

With social impact a key lens for all our engagements at BCG, we can work with organizations to ensure their own future while they help to secure the future of our planet.

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BCG Joins Breakthrough Energy Catalyst

BCG is a founding partner for Breakthrough Energy Catalyst, a program aimed at accelerating the development of the climate-smart technologies necessary to achieve net-zero by 2050.

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BCG Joins First Movers Coalition

BCG joins the First Movers Coalition, a joint effort by the World Economic Forum in partnership with US Special Presidential Envoy for Climate John Kerry, as a founding member, to drive demand for zero emissions across the value chain of hard-to-abate sectors.

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BCG and COP26 in the Press

Ahead of COP26, BCG's CEO Rich Lesser spoke with BBC News about the firm's own journey addressing climate change. "We were already acting to address climate change but not as boldly as we needed to, and I had partners in BCG who pushed back very strongly on me, educating our broader partnership. But those partners [who challenged me] turned out to be right," says Lesser. "It changed our trajectory and helped me break through my bubble."

Watch on BBC News

Rich Lesser
Global Chair
New York

BCG's Charlotte Degot spoke with Bloomberg about how companies can accurately measure their greenhouse gas emissions. She explains measuring with an AI tool could decrease a company's emissions by as much as 40%, which can be achieved "through identifying the best initiatives, tracking results, and optimizing company operations."

Read now on Bloomberg

Charlotte Degot
Managing Director & Partner
Paris

In a recent op-ed, BCG's Rich Hutchinson and Rich Lesser outline six essential actions for executives to integrate sustainability into their value creation agenda—ensuring their societal impact creates real value for the business also.

Read now on Fortune

Rich Hutchinson
Managing Director & Senior Partner; Social Impact Practice Leader
Atlanta

"ESG-driven requests are already prompting more action from banks. Shipping is already feeling it and they (shipping companies) are under pressure now," BCG's Peter Jameson explains, in a recent Reuters article on how environmental criteria is influencing financing for the shipping industry.

Read now on Reuters

Peter Jameson
Partner
Copenhagen

Jamie Webster, a senior director in Boston Consulting Group’s Energy Impact Center, argues that [surging global coal, natural gas, and carbon prices] may amount to the first climate change energy crisis, “both in the shocks that initiated the crisis (eg, low hydro [power] production in Brazil) and the muted supply response (eg restricted investment in new gas supply)…This crisis could have happened without climate change, but its probability was higher because of it.

Read now in Financial Times

Jamie Webster
Senior Director | Center for Energy Impact
Washington, DC

BCG is delighted to partner with Catalyst to bring the power of BCG’s consulting, climate, and industry expertise to accelerate the green industrial revolution. This new partnership with some of the world’s leading corporations will be critical to unlocking the potential to find, fund, and scale innovative technology solutions. These solutions are essential to closing the gap to vital climate targets.

Read now in Handelsblatt (German)

Christoph Schweizer
Chief Executive Officer
Munich

COP26 President Alok Sharma comments on BCG’s involvement as the exclusive COP26 consultancy partner, “I am pleased to welcome Boston Consulting Group as a COP26 Partner,” notes Sharma. “By committing to reach net zero, and setting science-based targets to achieve this goal, [BCG is] joining the growing number of businesses committed to reducing their environmental impact and helping to drive decarbonization. I look forward to working with BCG in the months ahead as we continue to make progress ahead of COP26.

Read the press release

Alok Sharma, COP26 President
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The Sustainable Advantage

BCG at COP26

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